Albuquerque Adult Learning Center Alc Inc.

“A copy of the Form IRS 990 is reviewed and approved by the Board of Directors at a board meeting prior to filing. The IRS form 990 is provided to the board members a week prior to the meeting.”

“All board and committee members are required to disclose in writing all businesses or other organizations of which the member or leader, or a member of his family, is an officer, member, owner, or employee; or for which the member or leader, or a member of his family, acts as an agent; or from which the member or leader, or a member of his family, receives compensation or remuneration of any sort, with which Albuquerque GED competes or with which Albuquerque GED has, or might reasonably in the future enter into, a relationship or a transaction. The a policy directs the Board Chair and other Board Members on how to disclose a potential conflict of interest when issues are discussed or voted on, which includes disclosure and the party removing themselves from the meeting during discussion and vote. The policy directs the board or committee to seek alternates to the proposed transaction so as not producing a conflict of interest unless a more advantageous transaction or arrangement is not reasonably possible.”

“Review of the Executive Director's compensation is conducted by the Board before hiring for that position. The Committee does a comparative survey of salaries of organizations similar in size and nature.”

“The Executive Director is the only paid officer.”

“Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made.”